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3500 N Milwaukee Ave Chicago, IL 60641

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For Sale
$3,350,000

0.87 acres in Chicago's Northwest Side, delivered vacant.

Lot size:
0.89 Acres

Property Features for 3500 N Milwaukee Ave

General Information

Standard status
Active
Lot size
0.89 Acres

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Listing Contact
Rick Hansen
Source: Corcoran

Listing Agency: S HANSEN REALTY INC. Listing Agent: Rick Hansen

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Prime Chicago Land Opportunity

This is a rare opportunity to acquire 0.87 acres, consisting of 7 parcels totaling 37,763 square feet, located on Chicago's Northwest Side. The property, currently occupied by Star Distributors, will be delivered vacant, providing flexibility for owner-users, investors, or developers. It is zoned B1-1, a designation that allows for a wide range of commercial, office, service, and residential uses above the ground floor. The property is situated on N Milwaukee Ave between Keeler and Tripp, offering excellent frontage, visibility, and traffic. It is located one mile from the redeveloped Six Corners, which features a new Target, 206 luxury apartments, Clarendale Senior Living with 258 units, Northwestern Medicine's $150 million outpatient center, and a new ALDI. The location is transit-friendly, with Bus Route 56 in front of the site and Routes 53 and 152 within 0.2 miles. The CTA Blue Line (Irving Park/Addison) is 0.75 miles away, and Metra (Grayland) is 0.5 miles away, with Irving Park 0.7 miles away. There is easy access to I-90/94. The area is experiencing major public and private investment, including a $27 million streetscape upgrade to Milwaukee Ave and Logan Square, enhancing walkability and safety. The property features full block frontage with ample parking. Strong nearby retail includes Target, Aldi, CVS, Starbucks, and Chipotle. The demographics show over 54,000 residents within one mile with an average income of $118,000, and over 493,000 residents within three miles with an average income of $127,000. There are over 95,000 local workers.
Location Intelligence

Current Use by Public Records

Star Distributors Big Box & Wholesale Store Star Discount Warehouse Discount Store

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.7325314
Latitude
41.9440515

FAQs

What type of property is this?
Commercial land - 0.87 acres in Chicago's Northwest Side, delivered vacant.
Where is this commercial land located?
The property is located at 3500 N Milwaukee Ave Chicago, IL.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: - Large 0.87-acre (37,763 SF) site delivered vacant, offering immediate flexibility.; - Highly flexible B1-1 zoning allows for a wide range of uses.; - Prime location on N Milwaukee Ave with excellent frontage, visibility, and high traffic.
More about this property
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